Značka: Markets

Bitcoin (BTC) traded near $82,000 around Friday’s Wall Street open as crypto markets stabilized alongside a rebound in South Korean stocks.Key points:Bitcoin price volatility eased as South Korean stocks rebounded 2% on Friday, offering relief after a steep sell-off.Federal Reserve Chair Kevin Warsh gave no indication of further interest-rate hikes during a public discussion, as traders lowered the odds of a 25-basis-point increase in October to 15%.Analysts warned of difficult choices for Washington as the 10-year US Treasury yield climbed back to 5.13% and US stocks traded in a narrow range.Traders see dovish edge to Warsh commentsData from TradingView showed BTC/USD holding most of its reclaimed ground after bouncing at $80,000 on Thursday.BTC/USD four-hour chart. Source: Cointelegraph/TradingViewThe earlier decline followed a weeklong sell-off in South Korean tech stocks, although Friday’s Asian trading session brought some relief. The KOSPI Composite Index closed at 5,668, up 2% on the day but still down 8.3% for the week.KOSPI Composite Index one-day chart. Source: Cointelegraph/TradingViewUS stocks largely avoided the sell-off in Asian markets but were mixed on Friday, with the tech-heavy Nasdaq Composite Index down 0.5% and the S&P 500 up 0.5%.Meanwhile, Federal Reserve Chair Kevin Warsh offered investors some relief by avoiding any mention of further interest-rate hikes during a discussion with International Monetary Fund (IMF) Managing Director Kristalina Georgieva.“I don’t prejudge meetings. I don’t believe in saying now what I might do at the meetings that we have in the balance of this year,” he said.Markets appeared to take Warsh’s tone as a dovish signal on rate hikes. Data from CME Group’s FedWatch Tool showed the probability of a 25-basis-point rate hike in October falling to 15%, down from 27% the previous day.Fed target-rate probabilities for October FOMC meeting (screenshot). Source: CME GroupEconomist Robin Brooks suggested that stress in the AI sector, a key driver of the Korea sell-off, could be at the heart of the Fed chair’s more aloof approach.“Warsh gave no indication the Fed’s in any hurry to hike, so the October meeting is now pretty much off the table in terms of a hike,” he wrote in a blog post, adding:“What’s helping the Fed is fears of an AI blow-up, which is making markets more receptive to a dovish message.”US bond yields eye rebound as stocks halt upsideElsewhere, US bond yields began rising as stocks steadied, prompting suggestions that the US treasury may ultimately be forced to choose between taming the bond sell-off and keeping stocks bullish.The US 10-year yield stood at 5.07% on Friday, having briefly attempted to reverse higher, reaching 5.13%.US 10-year bond yield one-day chart. Source: Cointelegraph/TradingViewRelated: Bitcoin may seek 20-month trend line reclaim before new record highs: CryptoQuantMarket commentator The Kobeissi Letter noted that stock weakness has been the sole source of bond-yield corrections since August. In an X analysis published Thursday, Koebissi suggested equities may be in a paradoxical “‘bull-bear’ market.”Without the US-Iran war, stocks would be far higher, it argued, adding that persistent inflation was driving investor demand for asset exposure — even as the Fed began a new rate-hike cycle.“Even as the S&P 500 hits year #5 of its bull market, we believe a steep discount is currently priced into equities. This discount has functioned as a ‘stealth’ bear market, suppressing equity valuations in the world’s largest and fastest-growing companies,” it concluded, adding:“This backdrop has the ability to catalyze a violent rally in the S&P 500 if and when it is ultimately priced-out.”S&P 500 average bull-market returns comparison. Source: The Kobeissi Letter on X.com

Bitcoin is attempting to break through an “inflection frontier” that has historically triggered runs to new macro highs.Key points:Bitcoin (BTC) may continue to new all-time highs if it successfully breaks through its 20-month moving average at $87,165, CryptoQuant reported.The market cycle signals metric showed BTC/USD poised to reclaim this “inflection frontier,” which it lost in December 2025. CryptoQuant’s bull-bear market cycle indicator continued to show Bitcoin as being in a bull market.Analysis: Bitcoin “reset” complete as key trend line reappearsData from onchain analytics platform CryptoQuant reveals that BTC/USD has begun a fresh battle with its 20-month simple moving average (SMA).The 20-month SMA, at $87,165 as of Oct. 16, is the trend line around which the popular Bollinger Bands metric is constructed. This in turn forms the basis for CryptoQuant’s market cycle signals tool, which seeks to pinpoint Bitcoin’s position within its market cycle.Bollinger Bands uses standard deviation to add an upper and lower band around the 20-month SMA. Currently, these sit at $121,640 and $52,694, respectively. CryptoQuant’s indicator describes the zone between the lower band and SMA as an “accumulation base,” while the SMA itself is referred to as an “inflection frontier,” a previous point of investor capitulation as price broke below it from above, most recently in December 2025.BTC/USD one-month chart with Bollinger Bands. Source: Cointelegraph/TradingViewWith Bitcoin now preparing to challenge the capitulation zone from below, history shows that successful breakouts have led to new cycle highs.“Just over a year after the all-time high (ATH) of $124,709 on October 6, 2025, the market has concluded its ‘reset,’” CryptoQuant contributor GugaOnChain summarized in a blog post.While Bollinger Bands are not intended to offer buy and sell signals, market cycle signals sees “smart money” taking profit once BTC/USD reaches its upper band. While this currently sits just below Bitcoin’s most recent all-time high of $126,200 from October 2025, CryptoQuant sees the next rally continuing beyond that level.“While retail fears the current $82,442, thinking it’s the ‘top,’ the on-chain indicator BTC: Market Cycle Signals reveals that we are just warming up,” GugaOnChain added, referring to a current BTC price support zone.Bitcoin market cycle signals chart. Source: CryptoQuantThe 20-month SMA has confluence with Bitcoin’s 2026 opening level at $87,490, boosting its strength as resistance. As Cointelegraph reported, large walls of ask liquidity remain in the vicinity across exchange order books.Onchain data shows entrenching Bitcoin bull marketCryptoQuant maintains a broadly optimistic stance on Bitcoin’s emerging bull market despite crypto and risk assets navigating macroeconomic headwinds.Related: Here’s what happened in crypto todayThis week, contributor XWIN Research Japan flagged data from three onchain metrics that they said gave reason for “cautious optimism” for bullish momentum to return through the end of October.In late August, CEO Ki Young Ju officially stated that the bear market was “over” based on readings from the bull-bear market cycle indicator. This uses composite data from several onchain profitability metrics, and shows bullish momentum accelerating with a reading of 0.186 on its scale versus 0.042 in August.Bitcoin bull-bear market cycle Indicator. Source: CryptoQuant

Bitcoin (BTC) dipped below $80,000 on Thursday as US Producer Price Index (PPI) data significantly beat expectations.Key points:Bitcoin briefly traded below $80,000 on the back of a 100-basis-point overshoot in US PPI inflation data.September PPI measured 6.3% against market expectations of 5.3%, the biggest monthly jump since March 2022.BTC price analysis saw the potential for a “volatile retest” of trend lines around $78,000 next.Biggest PPI increase since March 2022 adds to Bitcoin tailwindsData from TradingView showed BTC/USD slipping to its lowest levels since Sept. 18, declining as much as 1.8% on the day, before rebounding to around $81,000.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewSeptember PPI came in at 6.3%, a full 100 basis points above its anticipated level, while core PPI rose to 5% versus an expected 4.4%, per data from the Bureau of Labor Statistics (BLS).“The September increase is the largest advance since rising 1.7% in March 2022. On an unadjusted basis, the index for final demand climbed 6.3% for the 12 months ended in September, the largest 12-month increase since moving up 6.4% in December 2022,” an official news release confirmed.US PPI one-month % change. Source: BLSThe numbers come a day after the Consumer Price Index (CPI) also overshot estimates, causing crypto and risk assets to fall. Risk assets were already under pressure from a tech sell-off centered in South Korea, where the KOSPI Composite Index fell 7.5% on Thursday.Economist Mohamed El-Erian described PPI as “even more striking” than the CPI result. El-Erian and others noted that US bond yields were not rising on the back of higher inflation numbers. The US 10-year bond yield was down almost 3% at the time of writing, at its lowest levels since Sept. 23.US 10-year bond yield one-day chart. Source: Cointelegraph/TradingViewRobin Brooks, former chief FX strategist at Goldman Sachs, repeated earlier findings which suggested that yields had “decoupled” from US macro data as market priorities switched to the government’s handling of the federal budget deficit.Brooks compared the 30-day correlation between upside data surprises and daily moves in the 10-year yield, and revealed that it had dropped from near 0.6 earlier in 2026 to just below zero as of the end of August.“That indicates that yields have decoupled from data and the obvious explanation for this is that markets are more focused on the trajectory of the deficit, so they’re pushing up longer-term yields regardless of what data surprises are doing,” he summarized in a blog post last month.Analysis eyes “early-stage bull market” support retestBTC price action meanwhile brought two support trend lines back into focus: the 21-week and 50-week exponential moving averages (EMA) at $76,144 and $78.459, respectively.Related: CryptoQuant’s 3 charts keeping Bitcoin’s ‘Uptober’ thesis validTrader and analyst Rekt Capital noted that BTC/USD could still retest both and preserve its overall bullish trend.“Deviating below them on a volatile retest to find a pullback bottom has historically happened in early-stage Bull Markets. These deviations however would occur after a bullish crossovers of these two EMAs, whereas Bitcoin is still pre-crossover,” Rekt Capital said in an X post.BTC/USD one-week chart. Source: Rekt Capital on X.comBitcoin remained below the area between $82,500 and $82,800, a key support zone of interest in recent weeks.Analyst Aksel Kibar said that Bitcoin’s latest weekly close around $83,700 lacked strength as a breakout. “A weekly close inside the range can resume wide consolidation between 60K-82.8K 75K can be utilized as the pattern (rectangle bottom reversal) negation level,” he said.BTC/USD one-day chart. Source: Aksel Kibar on X.com

Bitcoin (BTC) fell to its lowest levels in over three weeks on Thursday as crypto tracked fresh losses on South Korean stock markets.Key points:Bitcoin reached new local lows of $80,154 as downside pressure returned to South Korean equities.The KOSPI closed Thursday at 5,554 points, its lowest since early April, driven by a rout in tech stocks.Oil prices cooled, with Brent crude dropping more than 2% despite an “unjustifiable” Singapore fuel-tanker strike in the Strait of Hormuz.Bitcoin price nears $80,000 as KOSPI falls 7.5%Data from TradingView showed BTC/USD hitting $80,154 on Bitstamp, a level last seen on Sept. 20.BTC/USD one-day chart. Source: Cointelegraph/TradingViewThe weakness came after South Korea’s Korea Composite Stock Price Index, or KOSPI, finished the day 7.5% lower, taking week-to-date losses to 15.5%.KOSPI Composite Index one-day chart. Source: Cointelegraph/TradingViewAs with earlier in the week, tech giants bore the brunt of the sell-off, with SK Hynix down 11% and Samsung Electronics finishing 9.5% lower on the day.SK Hynix stock one-day chart. Source: Cointelegraph/TradingViewAs Cointelegraph reported, concerns over AI debt obligations, foreign capital outflows and competition from China contributed to the South Korean market rout, with KOSPI’s 200-day moving average dropping to as low as 5,450 points, a level not seen since late July. It ended Thursday’s trading session at 5,554 points, marking its lowest daily close since April 8.Talking to local media publication The Korea Herald, Mirae Asset Securities analyst Kim Seok-hwan warned that global macro headwinds would add further friction going forward.“Volatility is expected to persist in the near term,” he said. “As domestic supply-demand conditions deteriorate, the market has become more sensitive to external risks, while a near-term improvement in the global environment appears unlikely.”SK Hynix and Samsung will release third-quarter earnings data on Oct. 28 and 29, respectively, potentially adding to downside volatility in investor tech sentiment should the numbers fall short of projections. Samsung is expected to confirm Q3 sales of 195 trillion won ($145 billion) and an operating profit of around 107 trillion won ($80 billion).Oil falls despite Singapore tanker sinkingDownside pressure on Bitcoin was compounded on the back of Wednesday’s higher-than-expected US inflation data.The September print of the Consumer Price Index (CPI) came in at 3.7% year-on-year, sparking a hawkish shift in market expectations of further interest-rate hikes by the Federal Reserve.“Does the beat force further hiking — or does credit stress prompt policy recalibration?” trading company QCP Capital asked alongside its macro analysis seen by Cointelegraph on Thursday.Related: CryptoQuant’s 3 charts keeping Bitcoin’s ‘Uptober’ thesis validWith high oil prices accounting for a significant portion of the uptick in CPI, both WTI and Brent crude fell on Thursday despite mounting tensions in the Middle East. A Singapore-registered oil tanker was sunk in the Strait of Hormuz on Wednesday, a move that the Maritime and Port Authority of Singapore described as “unjustifiable.”Speaking to CNBC, Firas Bechwaty, head of business development at online trading platform ICM, saw little chance of Hormuz transit volumes returning to levels from before the US-Iran war began.“At the same time, Saudi crude continues to reach international buyers through alternative routes, while accelerated emergency stock releases by IEA members provide an additional buffer, preventing a sharp rise in prices, even as tensions remain elevated,” he observed.At the time of writing, WTI traded below $95 per barrel, down 0.5%, while Brent was 2.2% lower at $103.7 per barrel.CFDs on Brent crude oil one-hour chart. Source: Cointelegraph/TradingView

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US stocks suffered their sharpest selloff since July on Wednesday as hotter-than-expected inflation data weighed on technology and AI infrastructure companies, with Bitcoin miners among those hit. The S&P 500 fell 1.1%, its biggest one-day decline since July 29; the Nasdaq Composite fell 1.9%, its biggest one-day drop since July 23, while the Dow Jones Industrial Average fell 0.1% over the day. Leading decliners among major tech companies included data center operator CoreWeave, which fell 16%, AI infrastructure provider Nebius, which fell 11%, and Oracle, which fell 9%. Of the 23 AI infrastructure stocks tracked by PRISM’s AI Data Center and Infrastructure Index, 21 declined Wednesday, with an average loss of 7.46%. Related: Bitcoin price dips below $82K as high oil prices spike US CPI inflationThe single-day dip extended to Bitcoin miners, several of which have also expanded into AI infrastructure. TeraWulf fell 12.64% over the day, while Core Scientific, Cipher Mining and IREN fell 12.44%, 12.35% and 12.2%, respectively. Riot Platforms, Bitdeer Technologies, MARA and CleanSpark also fell. Higher interest rates could increase borrowing costs for AI infrastructure companies, many of which rely heavily on debt to finance data center expansion. Hotter inflation triggers tech, crypto selloff US consumer prices rose 3.7% in September from a year earlier, exceeding economists’ expectations of 3.6% and well above the Fed’s 2% target, with higher gasoline prices from the Middle East war to blame. The inflation report also led to increased expectations of an October Federal Reserve interest-rate hike. The implied probability briefly exceeded 50% on Wednesday before retreating.However, San Francisco Federal Reserve President Mary Daly told Reuters that while further rate hikes were likely needed to bring inflation under control, there was no urgency to act this month.“I don’t feel urgent that we have to decide with a limited set of information. I think we have the time that we need,” Daly said.

Bitcoin (BTC) fell below $82,000 after Wednesday’s Wall Street open as US consumer inflation beat expectations.Key points:Bitcoin dropped to $81,926 on Bitstamp after US September CPI inflation came in at 3.7% versus expectations of 3.6%.Fuel-price increases accounted for the lion’s share of the gain at 9.1% year-on-year.US bond yields spiked on the news, while gold fell to $4,079 per ounce.Bitcoin slips under $82,000 on higher US CPI printData from TradingView showed crypto, gold and stock-market futures dropping after the release of Consumer Price Index (CPI) for September.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewAt 3.7% year-on-year, this came in 0.1% above majority market consensus, data from the Bureau of Labor Statistics (BLS) confirmed. The increase in fuel prices around the Middle East conflict and oil-supply crisis was conspicuous.“The index for gasoline rose 9.1 percent in September, accounting for over half of the monthly all items increase. The energy index increased 5.2 percent over the month following a 2.1-percent increase in August,” an official release stated.US CPI 12-month % change. Source: BLSInflation nonetheless increased across the board, as core CPI — the index minus energy and food — also came in 0.1% higher than anticipated at 2.6% year-on-year.Commenting, Sonu Varghese, chief macro strategist at Carson Group, suggested that elevated figures should be a foregone conclusion.“The only surprise is that investors keep getting surprised by broad-based inflation. And we’ve yet to see the full impact of higher diesel prices and the AI boom,” he told CNBC.The latest data from CME Group’s FedWatch Tool showed markets adjusting expectations of Federal Reserve policy as a result of the data. The majority now favored a 25-basis-point interest-rate hike at the Fed’s upcoming meeting on Oct. 28, with the odds of that outcome at 53.7% versus 22.1% the day prior. For December, meanwhile, the odds of a second 25-basis-point hike stood at 50%.Fed target-rate probabilities for October FOMC meeting (screenshot). Source: CME Group“Taken in combination with the soft payroll numbers in the September employment report, the FOMC is probably on hold for any rate moves at the upcoming October 27-28 meeting although with a definite bias toward a hike in December,” said Theresa Sheehan, economic analyst at Econoday.As Cointelegraph reported, the next key US inflation data release, the September print of the Producer Price Index (PPI), is due on Friday.Analysis: High CPI “last thing global bond markets needed”Gold fell as low as $4,079 per ounce on the back of the CPI result, while US bond yields spiked.Related: CryptoQuant’s 3 charts keeping Bitcoin’s ‘Uptober’ thesis validThe 10-year yield, highly sensitive to energy-price triggers, hit 5.329%, around three basis points off new 24-year highs.“This is the last thing global bond markets needed. Prior to this number, it looked like the global bond sell-off was calming, but now bond markets are catching on fire again,” economist Robin Brooks wrote in a blog post.US 10-year bond yield one-hour chart. Source: Cointelegraph/TradingViewBTC price action continued to circle a key area between $82,500 and $83,400, with analysis still waiting for the market to make a decision on its status as support.

Bitcoin (BTC) can still preserve its traditionally strong October performance, as onchain data points to a local BTC price bottom forming.Key points:Onchain data suggested that Bitcoin could still end October strong, following historical patterns. Bitcoin exchange reserves remained 1.7% lower than in mid-September, while whales avoided selling.Apparent demand neared a transition to positive readings for the second time in 2026.BTC price analysis flags “potential bottom” signalsNew analysis published on crypto analytics platform CryptoQuant Monday show onchain conditions in a state of “cautious optimism.” Bitcoin continues to weather mixed macroeconomic and geopolitical headwinds, which include 24-year highs in US bond yields, rising oil prices and cooling capital inflows to exchange-traded products. These conditions have dampened optimism over Bitcoin delivering a strong performance in October.“Now, signs of a potential bottom are emerging,” CryptoQuant contributor XWIN Research Japan wrote.Since the start of October, conditions have changed to increasingly benefit crypto and risk assets. XWIN points to cooling expectations of interest-rate hikes by the Federal Reserve into 2027, boosting the odds of inflows improving. At the same time, markets expect more clarity over the US domestic political situation after the approaching Midterm Elections.“Less political uncertainty after the vote could help investors reassess allocations,” XWIN continued.Bitcoin exchange reserves, apparent demand and whale holdings give XWIN reasons to believe that October’s local low may have already occurred.The BTC supply on exchanges has fallen from 2.726 million on Sept. 20 to 2.68 million as of Tuesday, a decrease of 1.7%, despite a modest increase over the past week.Bitcoin exchange BTC reserves. Source: CryptoQuantAt the same time, the combined holdings owned by large-volume investors, or whales, remain above 3 million BTC. The cohort’s urge to reduce exposure has survived BTC/USD dropping from $87,000 on Oct. 2 to near $80,000 on Oct. 8.Bitcoin whale holdings (screenshot). Source: CryptoQuantBitcoin demand data stays bullish in OctoberApparent demand, a measure that compares newly mined BTC with changes in dormant supply, shows overall demand remains supportive.Related: Bitcoin keeps up pressure on $84K as US stocks skirt Korea tech sell-offThe metric has been negative throughout 2026, with a brief period of positive 30-day readings in the second half of August. Since then, demand has been negative, but has recovered to near-neutral levels as of this week.“These developments suggest conditions for a bottom are improving. Confirmation requires sustained ETF inflows, stronger US spot buying and continued demand recovery,” XWIN said. “‘Uptober’ need not mean uninterrupted gains: a correction can build the foundation for the next advance.”Bitcoin apparent demand growth. Source: CryptoQuantThis week, crypto asset manager Bitwise said that Q3 onchain data pointed to “crypto spring” after historically significant performance. CryptoQuant CEO Ki Young Ju, meanwhile, announced what he saw as the start of a new crypto bull market in late August, calling the bear market “over.”

New York Fed President John Williams said AI equipment supply could take more than two years to catch up with demand, which could add to inflationary pressure. Williams made the comments during an interview with Bloomberg on Tuesday, saying that the buildout of AI infrastructure is pushing up chip prices and goods that use them.Asked whether supply and demand within AI would become more balanced over the next two years, Williams said: “I think it’s going to take longer. Assuming the demand kind of impulse continues as expected, and that’s a big assumption.”William’s comments came as he reaffirmed his view that the US Federal Reserve may need to raise interest rates once more this year as it seeks to lower inflation. “I haven’t changed my view that it may be appropriate to have one more rate hike.”However, Williams said “we’ll have to see” about 2027, saying “I don’t think at this time I have any reason to believe that we would need to do more.” Meanwhile, Williams said he expects AI investment to stay strong even with higher rates. “I think investors there are relatively price insensitive,” he said. “They feel that this is a huge, going to lead to huge productivity gains, huge transformative changes in our economy, and I think that happens not completely invariant to interest rates, but I don’t expect monetary policy to be really having a deep effect on that.”Related: Anthropic strikes $9B compute deal with Bitcoin miner Riot: ReportAn AI equipment supply shortage could have an impact on Bitcoin miners expanding into the sector, as they compete for chips and power equipment. IREN signed $2.8 billion in new AI cloud contracts in July, while Cointelegraph reported on Monday that miners pursuing AI projects already face substantial financing requirements and increasingly selective lenders.Magazine: Capital starting to rotate back to crypto from AI: Raoul PalThis article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

Bitwise chief investment officer Matt Hougan says Q3 may have been “one of the best quarters in crypto’s history,” arguing a sharp rebound in crypto prices and growing onchain markets point to the start of “crypto spring.”In its quarterly market review published Thursday, Bitwise reported a 46.4% quarterly gain in its large-cap crypto index, along with $6 billion in US spot Bitcoin ETF inflows that brought year-to-date net flows back into positive territory. The growth extended beyond the price of cryptocurrencies. The value of tokenized equities rose 65.5% to nearly $3.2 billion, while open interest on decentralized perpetual futures hit a new record near $26 billion, with a growing share tied to stocks, commodities, foreign exchange and pre-IPO shares.“Page after page after page, it’s all the same: The most recent part of the chart is turning sharply upwards,” Hougan wrote. “That’s exactly what you want to see if you’re looking for the start of a crypto spring.”Crypto analysts have been debating whether the market slump is finally over. CryptoQuant said in September that technical and onchain indicators confirmed a new Bitcoin bull market, while Bitget chief analyst Ryan Lee told Cointelegraph that more indicators were needed to confirm a cycle bottom. Hougan pointed to ETF flows and onchain activity as additional signs of a potential recovery. 10 large-cap crypto gain double digitsBitcoin (BTC) gained 42.3% during Q3, while Ether (ETH) and Solana (SOL) rose 69.1% and 59.2%, respectively, according to Bitwise. All 10 constituents of the firm’s large-cap crypto index posted double-digit quarterly gains, with Chainlink (LINK) the highest performer, climbing 97.6%.“Three months ago, crypto was in the depths of despair,” said Hougan. “Prices, onchain activity, ETF flows—everything was down.” Year-to-date performance of the assets tracked in the Bitwise 10 Large Cap Crypto Index. Source: Bitwise However, the rebound did not extend to every corner of the industry. Shares of Bitcoin miners Riot Platforms and Hut 8 fell 26.4% and 25.4%, respectively, during Q3, while Galaxy Digital dropped 16.8%, according to Bitwise. The number of public companies holding Bitcoin fell almost 6% to 173 in the quarter, though their combined holdings grew 0.5%, while the number of public companies holding Ether fell to 35 from 40, even as their combined holdings increased.Related: Crypto valuations could double as protocols link revenue to tokens: Bitwise CIOMeanwhile, Bitwise’s large-cap crypto index remained down 6.2% for the year through September despite its strong quarterly gain.Upcoming catalystsLooking ahead, Bitwise said it expects the SEC’s innovation exemption to draw billions more of tokenized assets into blockchains. “We believe Q4 moves tokenization from pilots to production. We expect the exemption will pull billions more of tokenized assets onto blockchains like Ethereum, Solana, NEAR, and others.”Meanwhile, it expects the growing perpetual futures market to accelerate after more than $6 trillion was traded year-to-date across venues such as Hyperliquid and Lighter, up 42% from the same period a year earlier.“With regulatory support expected this quarter, we project the growing perp market to accelerate as US investors start to arrive,” said Bitwise. Magazine: Crypto lending rises again… but have they solved the risks?

Bitcoin (BTC) continued to target $84,000 at Tuesday’s Wall Street open as US stocks attempted to shake off South Korea’s latest tech rout.Key points:Bitcoin approached $84,000 once more at the start of US trading on Tuesday, still up by around 2%.US equities avoided a copycat sell-off after Korea’s KOSPI index finished the day down 5.4%.Analysis from CryptoQuant warned of increasing US dollar strength challenging BTC price upside as DXY hit its highest level in 18 months.S&P 500, Nasdaq brush off KOSPI lossesData from TradingView showed BTC/USD returning to near $83,800 at the start of the US trading session, preserving much of its overnight upside.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewEquities opened lower on the day after futures fell during Asia trading after Korea’s KOSPI Composite Index shed 7.4% over two days. Semiconductors led the losses amid mounting fears over AI expenditures and competition from China.Both the S&P 500 index and the tech-heavy Nasdaq Composite index made early gains to briefly turn green on the day, however, both gauges were off less than 0.5% at the time of writing.Nasdaq Composite Index one-day chart. Source: Cointelegraph/TradingView“The most important development has been not just bond yields going up, but the volatility for bonds… and ​that’s starting to work its way out through asset pricing across the board,” Damien Boey, portfolio strategist at Wilson Asset Management in Sydney, Australia, told Reuters.  He said:“It’s a very uncomfortable situation on many fronts… maybe AI capex just comes off the boil a little bit, and maybe a few players are casualties in that.”Bitcoin remained caged around exchange order-book liquidity, which continued to act as resistance above $84,000, per data from CoinGlass.BTC liquidation heatmap. Source: CoinGlassRelated: BTC price support holds ahead of US CPI data: Three things Bitcoin traders need to know this weekDollar strength in focus as DXY hits 18-month highsBitcoin bulls are facing a double macro headwind this month, CryptoQuant contributor Darkfost said in market commentary on Tuesday.With bond yields circling their highest levels in nearly a quarter of a century, US dollar strength has increased markedly. The US dollar index (DXY), which compares the dollar to a basket of US trading-partner currencies, has increased by 5.5% since Sept. 9 and hit 102.57 on the day, its highest levels since April 2025.US dollar index (DXY) one-week chart. Source: Cointelegraph/TradingViewWhile the traditionally inverse correlation between DXY and BTC has declined this year, the post on onchain analytics platform sees crypto markets suffering from a lack of risk appetite. “Taken together, these factors constrain the liquidity available to markets and erode institutional confidence, leaving them reluctant to take on more risk.” he wrote in the blog post, adding:“The climate is therefore unfavorable for Bitcoin, which is perceived as a highly risky asset, while tech (NDX) and the S&P 500, more mature markets, continue to surge and absorb what little liquidity remains.”

Bitcoin (BTC) rebounded toward $84,000 on Tuesday as crypto markets skirted fresh losses for South Korean stock markets.Key points:Bitcoin diverged from plummeting Asian tech stocks on Tuesday, rebounding from a low near $81,000.Semiconductors led an exodus from South Korea’s KOSPI amid ongoing investors’ nerves over AI and Chinese competition.BTC price upside was capped at $84,000 by a wall of resistance on exchange order books.South Korea’s KOSPI loses 200-day trend line as panic returnsData from TradingView showed BTC/USD up more than 2.5% on Tuesday, reaching $83,944 on Bitstamp to retrace Monday’s drop.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewThe gains came as a fresh tech sell-off gathered pace on South Korea’s KOSPI Composite Index, which extended its losses for the week to 7.4%. The index fell below its 200-day moving average for the first time since late July.KOSPI Composite Index one-day chart with 200-day moving average. Source: Cointelegraph/TradingViewSemiconductor stocks came under particular pressure, with SK Hynix closing more than 10% lower, while the rout compounded existing problems for Samsung after it reported lower-than-expected Q3 earnings last week. Foreign investors sold around 173 trillion won ($129 billion) worth of SK Hynix and Samsung shares since the start of 2026, accounting for the vast majority of year-to-date KOSPI sales.The weakness echoes August’s sell-off, when concerns over the AI boom and associated corporate debt obligations sparked sharp losses that soon spread to global markets.“Investors are jittery and looking for excuses to take profit on AI-related stocks that have outperformed this year, especially memory stocks,” UBP senior equity advisor Vey-Sern Ling told CNBC on Monday.Ling was among those who flagged competition from China as increasingly problematic for Korean investors, while acknowledging that the Chinese sector still faced “technology hurdles.” Bitcoin price rebounds despite waning ETF demandIn contrast to the August sell-off, Bitcoin avoided a copycat move and moved toward the upper end of its local trading range between $80,000 and $87,000. Related: South Korea moves to block 27 crypto websites, including KuCoin, MEXCAt the time, analysis attributed Bitcoin’s relative strength to potential monetary policy easing by central banks. Major US inflation data is due out this week ahead of the Federal Reserve’s Oct. 28 rate decision, with markets expecting rates to stay at their current levels of 2.75-4%.Bitcoin’s relative strength also comes despite declining investor appetite for BTC exposure in October, with outflows from the US spot Bitcoin exchange-traded funds (ETFs) recording $451 million in net outflows so far this month, including $69 million on Monday.US spot Bitcoin ETF netflows (screenshot). Source: Farside InvestorsTraders noted bulls’ had struggled to hold above $84,000 on lower time frames. CoinGlass data showed a thickening band of ask liquidity on exchange order books near that level. BTC liquidation heatmap. Source: CoinGlass